Today, new trade agreements are expanding the realms of business operations to many new countries and more goods are being shipped around the world. Risk of loss or damage to your goods is high when it’s in transit. It’s vital to for you to have marine insurance to protect your business from the likelihood of such financial loss. The Pearl Insurance Brokers Marine Cargo Insurance is a comprehensive package, designed to cover all losses or damage to goods being shipped.

Key Benefits:

Cover for loss or damage to cargo in transit
Policy extendable to cover war and strikes perils
Three variants to choose from (Specific Policy, Open Policy and Open Cover)
Worldwide claims survey and settlement assistance
Network of surveyors all over the country
Customized and innovative covers based on your needs
Extensions for multi-transit, incidental storage, FOB, riot and strikes perils etc.
Discounts for voluntary higher excess, lesser distance etc.

Pearl Insurance Brokers Marine Cargo Insurance Policy Coverage

The Pearl Insurance Brokers Marine Cargo Policy covers loss or damage to cargo in transit by:

Land: Road or railway

Waterways: Ships, inclusive of every description of vessel used in navigation

Air: Aircraft used for the transport of cargo, among others

Government or private postal services

The coverage provided under these policies ranges from a restricted form of cover, e.g. Fire and Lightning perils only, to the widest available form of cover, namely, All Risks, at the option of the insured. The different types of polices are:

Specific Policy: Covers those specified risks under marine cargo sent or received during the policy period.

Open Policy: Provides automatic and continuous insurance protection to all shipments sent/ received during the policy period.

Open Cover: Similar to Open Policy, this variant covers loss or damage to cargo where a specific stamped certificate is issued for the declaration made.

Pearl Insurance Brokers Marine Cargo Insurance Policy Exclusions:

The policy does not cover loss or damage to cargo insured due to:

Willful misconduct of the insured

Insufficiency or unsuitability of packing or preparation of the cargo insured

Ordinary wear and tear and inherent flaws in the cargo insured

Delay

Insolvency and financial distress of the carriers

Unseaworthiness of the vessel

Click here to download Cargo form

Click here to download Transit form